Headlines about Entercom Communications (NYSE:ETM) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Entercom Communications earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.386024780748 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Entercom Communications (NYSE ETM) opened at $11.15 on Friday. Entercom Communications has a twelve month low of $9.45 and a twelve month high of $16.55. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.21 and a quick ratio of 2.21. The stock has a market capitalization of $1,540.00, a price-to-earnings ratio of 44.60, a P/E/G ratio of 5.07 and a beta of 1.10.
Entercom Communications (NYSE:ETM) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. The business had revenue of $122.30 million during the quarter, compared to analyst estimates of $120.76 million. Entercom Communications had a return on equity of 8.67% and a net margin of 2.69%. Entercom Communications’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.27 EPS. analysts predict that Entercom Communications will post 0.93 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Tuesday, November 28th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend was Monday, November 27th. Entercom Communications’s payout ratio is currently 144.00%.
Entercom Communications announced that its board has approved a share repurchase plan on Thursday, November 2nd that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 22.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.
ETM has been the topic of a number of recent research reports. Noble Financial reiterated a “buy” rating on shares of Entercom Communications in a report on Monday, November 27th. ValuEngine cut Entercom Communications from a “buy” rating to a “hold” rating in a report on Sunday, December 31st.
In related news, Chairman Joseph M. Field purchased 168,162 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was acquired at an average cost of $11.81 per share, with a total value of $1,985,993.22. Following the transaction, the chairman now owns 3,762,621 shares of the company’s stock, valued at approximately $44,436,554.01. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Joseph M. Field purchased 180,282 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was bought at an average cost of $11.72 per share, with a total value of $2,112,905.04. Following the completion of the transaction, the chairman now directly owns 3,529,177 shares in the company, valued at approximately $41,361,954.44. The disclosure for this purchase can be found here. Insiders purchased a total of 423,444 shares of company stock valued at $4,978,398 over the last three months. 32.57% of the stock is currently owned by insiders.
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Entercom Communications Company Profile
Entercom Communications Corp. is a radio broadcasting company. The Company sells advertising time to local, regional and national advertisers and national network advertisers, purchasing spot commercials in varying lengths. It focuses on station-related digital platforms, which allow for audience interaction and participation, and integrated local digital marketing solutions and station events.
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